Coty (NYSE:COTY) Sets New 12-Month Low – What’s Next?

Coty Inc. (NYSE:COTY)’s share price reached a new 52-week low on Wednesday . The company traded as low as $4.61 and last traded at $4.68, with a volume of 10822703 shares changing hands. The stock had previously closed at $4.90.

Analyst Ratings Changes

Several equities research analysts have recently commented on COTY shares. Morgan Stanley decreased their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Evercore ISI decreased their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Canaccord Genuity Group cut their target price on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on Coty from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Finally, Stifel Nicolaus reduced their target price on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.55.

Coty Price Performance

The business has a 50-day moving average price of $5.79 and a 200 day moving average price of $6.99. The stock has a market cap of $4.08 billion, a PE ratio of -468.40, a PEG ratio of 0.81 and a beta of 1.75. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last issued its earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, research analysts forecast that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in shares of Coty by 12.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock valued at $140,691,000 after purchasing an additional 2,175,120 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Coty by 13.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after buying an additional 1,569,315 shares during the period. State Street Corp increased its position in shares of Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after buying an additional 251,964 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Coty by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock worth $68,379,000 after buying an additional 37,412 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Coty by 25.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after acquiring an additional 1,646,839 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.